Deadline for Trump to Post $454M Bond in Civil Fraud Case

Monday, March 25, 2024

Leni Cummins appears on CNN to discuss what could happen to Donald Trump’s properties if New York State Attorney General Letitia James decides to seize Trump’s assets in lieu of the $454 million fine Trump said he cannot meet. The fines stem from a ruling in which Trump was found guilty of filing fraudulent financial statements for many years, which resulted in inflating the value of his assets.

Leni discusses the need for the state to conduct a careful analysis of Trump’s properties to determine who owns what part of each. She noted that the properties are likely owned by a “labyrinth of LLCs and with joint venture partners,” making it difficult to determine how much ownership Trump has in each property.

She also spoke about the State AG’s decision to focus on Trump’s Westchester properties and the decision to do so is likely due to the number of other parties seeking to recoup debt and these entities focus on other properties.

To view the video, click here.

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